Friday, November 8, 2024
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Cashfree: Launches global payouts for instant cross-border payments

  • Cashfree is a payment and banking technology company, based out of Bangalore
  • Cashfree launched the company’s Global Payouts solution for instant cross border payments availed by international businesses to pay their sellers
  • This solution allows businesses to make instant transfers directly to local bank accounts of recipients in Indian Rupees (INR)
  • The launch of Global Payouts enables Cashfree to offer businesses such as fintechs, ecommerce marketplaces, logistics platforms
  • International businesses can use Cashfree’s solution without having to set up a place of business in India
  • Cashfree working with global businesses including Shell, Tencent, and HDFC Ergo with its collection

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